Beyond Meat Q2 Sales Quadruples, But Replacing Meat? That’s A Different Story
* Stories are summarized by an A.I.
* Stocks or companies mentioned: BYND, AAPL, SBUX, QCOM, AMZN, MCD, GE, GOOG, C, and KO
Beyond Meat Q2 Sales Quadruples, But Replacing Meat? That’s A Different Story
BYND (Beyond Meat, Inc.) | Forbes
Dunkin' Donuts recently joined other chain restaurants including Carl's Jr. to feature Beyond Meat products, driving growth for the plant-based meat company. Beyond Meat said Monday sales in the quarter that ended June 29 jumped 287% to a better-than-expected $67.3 million. Its study also echoed other findings that meat eaters are the main buyers of plant-based meat as only 5% of U.S. households are vegan or vegetarian. But here’s the interesting contrast: some 98% of plant-based meat buyers also buy meat, and they actually spend more on meat than the average meat buyer, $486 vs. $478 a year, Nielsen data shows. Nielsen data also showed that at supermarkets, plant-based meat costs 10 cents per gram, more than double 4 cents for beef and 2 cents for chicken, pork and turkey.
Read More
Apple is working on phone cameras that use lasers to sense how far objects are, top analyst says
AAPL (Apple Inc.) | CNBC
Apple is working on iPhones for 2020 with rear cameras that can sense how far away things are, according to TF Securities analyst Ming-Chi Kuo. Apple's front-facing Face ID camera currently uses a ToF sensor as part of the phone's unlocking system. "We predict that three new 2H20 iPhone models will all be equipped with front Face ID, and two of the new models will provide rear ToF. Huawei smartphones will also adopt the ToF sensor, Kuo wrote. In another note published over the weekend, Kuo predicted that Apple's 2020 iPhones will all support 5G networks.
Read More
Starbucks' Digital Efforts Are Paying Off Nicely
SBUX (Starbucks Corporation) | The Motley Fool
But there was another key catalyst for the quarter that investors shouldn't overlook: continued stellar performance from Starbucks' digital efforts. Strong digital performance in China, tooBut Starbucks isn't just seeing success digitally in the U.S. Johnson explained during Starbucks' earnings call that the company's "digital ecosystem remains a core pillar in driving long-term growth" in China. Starbucks' digital partnership with Alibaba has helped delivery expand to 2,900 stores in the market by the end of fiscal Q3. Chipotle (NYSE:CMG), for instance, saw its digital sales nearly double year over year in its most recent quarter, rising to represent 18% of sales.
Read More
The Qualcomm-Tencent Deal Demonstrates That The US And China Need Each Other
QCOM (QUALCOMM Incorporated) | Forbes
Today, Qualcomm announced a sweeping, strategic collaboration agreement with Tencent Games covering 5G, smartphones, augmented and virtual reality, and personal computers. This, in itself, is a big deal for Qualcomm as its chipsets will be optimized for Tencent’s gaming library. Given this time of friction between the US and China, you have to be surprised that Tencent chose Qualcomm and did a ribbon-cutting ceremony. With 5G, Qualcomm helps China meet its Belt and Road initiative better than Huawei. It also could be reinforcing from a US standpoint that the issue is Huawei, not China.
Read More
Amazon’s Ring reportedly partners with more than 200 US police departments
AMZN (Amazon.com Inc.) | The Verge
Amazon’s surveillance camera brand Ring has partnered with more than 200 police departments across the country, according to a new report by Motherboard. According to the notes, Ring lets officers request footage from owners through Ring. (Ring said in a statement that any requests from law enforcement must be tied to an active investigation.) “Every decision we make at Ring centers around privacy, security and user control,” a Ring spokesperson said in a statement. Apart from Ring, the company also offers a facial recognition product, called Rekognition, which it has provided to local law enforcement and even pitched to Immigration and Customs Enforcement.
Read More
McDonald’s Stock Is a ‘Long-Term Winner,’ Goldman Sachs Says
MCD (McDonald's Corporation) | Barron's
McDonald’s stock could keep rallying as strong same-store sales fuel more gains, according to Goldman Sachs. McDonald’s stock (ticker: MCD) has risen more than 22% this year, just edging ahead of the S&P 500. McDonald’s stock was largely flat in afternoon trading after giving back some morning gains, to about $215 per share. Her bullishness stems from the company’s Experience of the Future (EOTF) restaurant upgrades, along with tech-driven, above-peer restaurant sales. And she said the company’s “strong competitive moat (built by technology and scale) makes the company a long-term winner.”
Read More
General Electric (GE) Earnings Preview: Will Power Segment Continue to Drag Down Profits?
GE (General Electric Company) | Zacks
GE has bet big that offshore wind power will become a popular choice as the world starts to transition to more renewable energy.Since GE’s investments to turn around profitability in its power division will likely take time to payoff, earnings and revenue estimates for this quarter show negative growth.
Read More
Google teams up with VMware to bring more enterprises to its cloud
GOOG (Alphabet Inc.) | Tech Crunch
Google today announced a new partnership with VMware that will make it easier for enterprises to run their VMware workloads on Google Cloud. Specifically, Google Cloud will now support VMware Cloud Foundation, the company’s system for deploying and running hybrid clouds. The solution was developed by CloudSimple, not VMware or Google, and Google will offer first-line support, working together with CloudSimple. While Google would surely love for all enterprises to move to containers and utilize its Anthos hybrid cloud service, most large companies currently use VMware. Instead, Google is simply giving enterprises fewer reasons to opt for a competitor without even taking its offerings into account.
Read More
Citi combines its stock trading and prime brokerage business
C (Citigroup Inc.) | Reuters
Citigroup Inc (C.N) is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors. Citi’s markets and securities services division has been shaken up in recent months as the bank streamlines businesses to better serve the evolving needs to clients.
Read More
3 Ways Coca-Cola Is Expanding Beyond Soda
KO (Coca-Cola Company (The)) | The Motley Fool
During last quarter's conference call, Coca-Cola stated that it would launch its first ready-to-drink Costa Coffee products in the second quarter. There's also Coca-Cola Coffee, which blends coke with coffee. After all, the energy drink market is still growing even as the soda market fizzles out. But instead of buying Monster, Coca-Cola recently launched its own energy drink called Coca-Cola Energy. Experimenting with alcoholJapan's diverse drink market is a great place for Coca-Cola to test out new products like Coca-Cola Coffee.
Read More
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* Stocks or companies mentioned: BYND, AAPL, SBUX, QCOM, AMZN, MCD, GE, GOOG, C, and KO
Beyond Meat Q2 Sales Quadruples, But Replacing Meat? That’s A Different Story
BYND (Beyond Meat, Inc.) | Forbes
Dunkin' Donuts recently joined other chain restaurants including Carl's Jr. to feature Beyond Meat products, driving growth for the plant-based meat company. Beyond Meat said Monday sales in the quarter that ended June 29 jumped 287% to a better-than-expected $67.3 million. Its study also echoed other findings that meat eaters are the main buyers of plant-based meat as only 5% of U.S. households are vegan or vegetarian. But here’s the interesting contrast: some 98% of plant-based meat buyers also buy meat, and they actually spend more on meat than the average meat buyer, $486 vs. $478 a year, Nielsen data shows. Nielsen data also showed that at supermarkets, plant-based meat costs 10 cents per gram, more than double 4 cents for beef and 2 cents for chicken, pork and turkey.
Read More
Apple is working on phone cameras that use lasers to sense how far objects are, top analyst says
AAPL (Apple Inc.) | CNBC
Apple is working on iPhones for 2020 with rear cameras that can sense how far away things are, according to TF Securities analyst Ming-Chi Kuo. Apple's front-facing Face ID camera currently uses a ToF sensor as part of the phone's unlocking system. "We predict that three new 2H20 iPhone models will all be equipped with front Face ID, and two of the new models will provide rear ToF. Huawei smartphones will also adopt the ToF sensor, Kuo wrote. In another note published over the weekend, Kuo predicted that Apple's 2020 iPhones will all support 5G networks.
Read More
Starbucks' Digital Efforts Are Paying Off Nicely
SBUX (Starbucks Corporation) | The Motley Fool
But there was another key catalyst for the quarter that investors shouldn't overlook: continued stellar performance from Starbucks' digital efforts. Strong digital performance in China, tooBut Starbucks isn't just seeing success digitally in the U.S. Johnson explained during Starbucks' earnings call that the company's "digital ecosystem remains a core pillar in driving long-term growth" in China. Starbucks' digital partnership with Alibaba has helped delivery expand to 2,900 stores in the market by the end of fiscal Q3. Chipotle (NYSE:CMG), for instance, saw its digital sales nearly double year over year in its most recent quarter, rising to represent 18% of sales.
Read More
The Qualcomm-Tencent Deal Demonstrates That The US And China Need Each Other
QCOM (QUALCOMM Incorporated) | Forbes
Today, Qualcomm announced a sweeping, strategic collaboration agreement with Tencent Games covering 5G, smartphones, augmented and virtual reality, and personal computers. This, in itself, is a big deal for Qualcomm as its chipsets will be optimized for Tencent’s gaming library. Given this time of friction between the US and China, you have to be surprised that Tencent chose Qualcomm and did a ribbon-cutting ceremony. With 5G, Qualcomm helps China meet its Belt and Road initiative better than Huawei. It also could be reinforcing from a US standpoint that the issue is Huawei, not China.
Read More
Amazon’s Ring reportedly partners with more than 200 US police departments
AMZN (Amazon.com Inc.) | The Verge
Amazon’s surveillance camera brand Ring has partnered with more than 200 police departments across the country, according to a new report by Motherboard. According to the notes, Ring lets officers request footage from owners through Ring. (Ring said in a statement that any requests from law enforcement must be tied to an active investigation.) “Every decision we make at Ring centers around privacy, security and user control,” a Ring spokesperson said in a statement. Apart from Ring, the company also offers a facial recognition product, called Rekognition, which it has provided to local law enforcement and even pitched to Immigration and Customs Enforcement.
Read More
McDonald’s Stock Is a ‘Long-Term Winner,’ Goldman Sachs Says
MCD (McDonald's Corporation) | Barron's
McDonald’s stock could keep rallying as strong same-store sales fuel more gains, according to Goldman Sachs. McDonald’s stock (ticker: MCD) has risen more than 22% this year, just edging ahead of the S&P 500. McDonald’s stock was largely flat in afternoon trading after giving back some morning gains, to about $215 per share. Her bullishness stems from the company’s Experience of the Future (EOTF) restaurant upgrades, along with tech-driven, above-peer restaurant sales. And she said the company’s “strong competitive moat (built by technology and scale) makes the company a long-term winner.”
Read More
General Electric (GE) Earnings Preview: Will Power Segment Continue to Drag Down Profits?
GE (General Electric Company) | Zacks
GE has bet big that offshore wind power will become a popular choice as the world starts to transition to more renewable energy.Since GE’s investments to turn around profitability in its power division will likely take time to payoff, earnings and revenue estimates for this quarter show negative growth.
Read More
Google teams up with VMware to bring more enterprises to its cloud
GOOG (Alphabet Inc.) | Tech Crunch
Google today announced a new partnership with VMware that will make it easier for enterprises to run their VMware workloads on Google Cloud. Specifically, Google Cloud will now support VMware Cloud Foundation, the company’s system for deploying and running hybrid clouds. The solution was developed by CloudSimple, not VMware or Google, and Google will offer first-line support, working together with CloudSimple. While Google would surely love for all enterprises to move to containers and utilize its Anthos hybrid cloud service, most large companies currently use VMware. Instead, Google is simply giving enterprises fewer reasons to opt for a competitor without even taking its offerings into account.
Read More
Citi combines its stock trading and prime brokerage business
C (Citigroup Inc.) | Reuters
Citigroup Inc (C.N) is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors. Citi’s markets and securities services division has been shaken up in recent months as the bank streamlines businesses to better serve the evolving needs to clients.
Read More
3 Ways Coca-Cola Is Expanding Beyond Soda
KO (Coca-Cola Company (The)) | The Motley Fool
During last quarter's conference call, Coca-Cola stated that it would launch its first ready-to-drink Costa Coffee products in the second quarter. There's also Coca-Cola Coffee, which blends coke with coffee. After all, the energy drink market is still growing even as the soda market fizzles out. But instead of buying Monster, Coca-Cola recently launched its own energy drink called Coca-Cola Energy. Experimenting with alcoholJapan's diverse drink market is a great place for Coca-Cola to test out new products like Coca-Cola Coffee.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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